Capita (LON:CPI) Share Price Passes Above 200-Day Moving Average – What’s Next?

Capita plc (LON:CPI) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 17.26 ($0.22) and traded as high as GBX 17.50 ($0.22). Capita shares last traded at GBX 17.10 ($0.22), with a volume of 4,175,585 shares traded.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “buy” rating on shares of Capita in a research note on Wednesday, August 7th.

Capita Stock Performance

The firm has a market cap of £291.86 million, a PE ratio of -855.00, a PEG ratio of 0.18 and a beta of 1.95. The company has a debt-to-equity ratio of 304.05, a quick ratio of 0.53 and a current ratio of 0.53. The firm’s 50 day moving average price is GBX 19.17 and its two-hundred day moving average price is GBX 17.26.

About Capita

Capita plc provides consulting, digital, and software products and services to clients in the private and public sectors in the United Kingdom and internationally. It operates in two divisions: Public Service and Capita Experience divisions. The company offers solutions for finance and accounting, procurement, property and infrastructure, travel and event, and workplace administration.